What is your end game when it comes to owning your business?

What is your end game when it comes to owning your business?

The horticulture industry has been rocked by the closure of several major growers in the past year. A few could have been avoided with proper succession and exit planning. Several didn’t plan, and for others, it was too late, or the land was worth more than the business. Ben Franklin said it best, “If you fail to plan, you are planning to fail.”

The one indisputable fact is that 100% of owners will exit their business. According to the Exit Planning Institute (EPI), 50% of exits in the U.S. are involuntary due to death, divorce, disability, distress, or disagreement. 

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